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once all the taxes go up, everybody is in a position to vote for a tax cut. so the nature of this may be such that republicans feel compelled to wait until after taxes have risen so that they can actually vote for a tax cut, which will be some sort of compromise. i don't think we should dismiss grover norquist and the power of this pledge and the threat to run primary campaigns against people so quickly. >> what you're talking about there, though, it sounds like getting out of the pledge on a technicality. if they wait for the rates to expire on their oath, then they don't have to vote for a rate increase. that really honoring the spirit of this commitment? >> i don't think it is. if that's what it takes to get people to reality, we've been waiting for many years for republican legislators to kind of recognize reality, and people thought, okay, the 2008 election. that will really sort of wake them up and think we have to compromise on issues of taxation. no it didn't. people thought maybe 2012 will do the trick. we see them edge from this. i think their minds
once all the taxes go up, everybody is in a position to vote for a tax cut. so the nature of this may be such that republicans feel compelled to wait until after taxes have risen so that they can actually vote for a tax cut, which will be some sort of compromise. i don't think we should dismiss grover norquist and the power of this pledge and the threat to run primary campaigns against people so quickly. >> what you're talking about there, though, it sounds like getting out of the pledge...
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Nov 29, 2012
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we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin with. and that's the movement. so i think even in public there's starting to be a little bit of moving and i think there is the ability for folks to get there. >> we do know pretty clearly i think that the white house thinks they have the upper hand. here is the president from his event yesterday. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. >> so he's got his outreach to middle class americans. we saw him meeting with business leaders. his event is planned for tomorrow. we campaign-like and he is still using the campaign actually, more than a million people responded to that survey that obama for america put out and said they're interested in volunteering. so is par
we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin with. and that's the movement. so i think even in public there's starting to be a little bit of moving and i think there is the ability for folks to get there. >> we do know pretty clearly i think that the white house thinks they have the upper hand. here is the...
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, tax rates that were around before the bush tax cults came along. we're talking about something that will not affect working-class people except for that loss in the payroll tax they vacation. who's going to get blamed for that? chances are the democrats figure the republicans will be blamed. there's the two-step option, which is let's kick the can down the road for another year, so to speak, while negotiations continue on the long-term grand bargain. that's always in the back hip pocket of members of congress as well. so i don't know that they're feeling the same kind of sense of panic that a lot of us outside are feeling. >> i just got handed this, and let me ask you for your instant analysis on this, dana. it comes from the office of the white house press secretary. it says on thursday governor romney will have a private lunch at the white house with president obama in the private dining room, the first opportunity they've had to visit since the election. there will be no press coverage of this meeting. was this signalled? did we expect this? >>
, tax rates that were around before the bush tax cults came along. we're talking about something that will not affect working-class people except for that loss in the payroll tax they vacation. who's going to get blamed for that? chances are the democrats figure the republicans will be blamed. there's the two-step option, which is let's kick the can down the road for another year, so to speak, while negotiations continue on the long-term grand bargain. that's always in the back hip pocket of...
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anything above $2,500 will be taxed and the rest will be taxed. they are going to be playing $10,000, $12,000 more per year taxable rate to get their kids per school. >> and they're always talking about how the republicans want to destroy the study for autism. but here it is black and white in the obama. we appreciate it. it's great to see you. >> thanks for having me. >> now to the lottery frenzy. there's already a winner in this game. the government. not good. we're going to explain when "the kudlow report" comes right back. >>> if everything on the fiscal side caves, what incentive is there for tax reform in 20 13? >> ups believes congress does need to move very quickly to get this done. >> there are going to be many moments when it seems like there's a deal and then there are people who fight the deal, which is why we have been featuring the notion of rising above. >> all sides could lose if an agreement isn't arrived upon. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all
anything above $2,500 will be taxed and the rest will be taxed. they are going to be playing $10,000, $12,000 more per year taxable rate to get their kids per school. >> and they're always talking about how the republicans want to destroy the study for autism. but here it is black and white in the obama. we appreciate it. it's great to see you. >> thanks for having me. >> now to the lottery frenzy. there's already a winner in this game. the government. not good. we're going to...
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Nov 26, 2012
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grover norquist's tax pledge could be history. and all eyes are now focusing on house republicans as talks to avoid going over that so-called fiscal cliff are picking up steam. joining me now, mark halperin, senior political analyst for "time" and msnbc and ruth marcus, columnist and editorial writer for the "washington post." to you, mark, what is your read about what we've been hearing the last couple of days about grover norquist, the pledge and how much running room the speaker does have to b negotiating a deal. >> i did a spit take with my fruity pebbles watching "morning joe" because eric cantor's tone was unlike anything i've ever heard. his office is saying oh, no, he's against raising marginal rates, but it's clear that in the scheme of things, the biggest piece is does john boehner have enough running room to strike a deal involving some new revenue. i still am of the belief that the vote in the house, which will be a cliff hanger no matter what happens amongst the leaders in the white house, it will be a tough vote. i t
grover norquist's tax pledge could be history. and all eyes are now focusing on house republicans as talks to avoid going over that so-called fiscal cliff are picking up steam. joining me now, mark halperin, senior political analyst for "time" and msnbc and ruth marcus, columnist and editorial writer for the "washington post." to you, mark, what is your read about what we've been hearing the last couple of days about grover norquist, the pledge and how much running room the...
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america who can afford to do so to pay a little more in taxes. but when you start talking about some kind of grand bargain where you're cutting medicare and medicaid, we're talking about people's lives and health care. this is part of the reason why the president doesn't want social security to be part of it. why folk on the left are still angry that something like medicare or medicaid are sort of used as false equivalencies with tax increases. we have to think about people's real lives and health care really addresses those issues versus wealthy folk paying a little more. >> david, if that's the case, if professor peterson is right, why then did the president when he was in the process of negotiating a grand bargain with speaker boehner, agree to suggest or even imply that, for example, the age of qualification for certain of these entitlements would go up? >> the president has decided that the way to deal with this overall, i'm not saying this is right or wrong, is that we have divided government which means we're going to try to take care of t
america who can afford to do so to pay a little more in taxes. but when you start talking about some kind of grand bargain where you're cutting medicare and medicaid, we're talking about people's lives and health care. this is part of the reason why the president doesn't want social security to be part of it. why folk on the left are still angry that something like medicare or medicaid are sort of used as false equivalencies with tax increases. we have to think about people's real lives and...
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> if you're a family in debt, you don't keep spending. >> it shouldn
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom...
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they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not giving you the middle-class tax cuts. the president ju jitsued that into a second stimulus. the president this time around has a little advantage. he can let all tax cuts expire on december 31st which is what democrats are advocating, first week in januariry when the congress comes back in, he can say, guys, we have 98% of the public i want to give tax cuts to right now, we can keep arguing about the top 2 but do this right now for the 98%. how come you're not with me on this? that's i think is a card for him to play heavy and gives him an advantage over the spending cuts and debt ceiling issues that will come up. >> justin, let's talk a little bit about the effects of a tax cut for high-income earners on the economy. there is this supposition, in fact i would call it bedrock republican philosophy economically speaking if you cut rates for top ea
they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not giving you the middle-class tax cuts. the president ju jitsued that into a second stimulus. the president this time around has a little advantage. he can let all tax cuts expire on december 31st which is what democrats are advocating, first week in januariry when the congress comes back in, he can say,...
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own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread the hysteria and--and if their plan goes through the austerity plan, they and their company and their bonuses are actually the only thing that is going to improve in this economy. >> eliot: as they have over the past couple of years. income disparity is worse and worse and incomes are going up. lloyd blankfein telling people that they people should not expect to work for 25 years and then retire for 30. i don't think he understands what social security is all about. >>> the hispanic caucus said no today on a repub
own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread...
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Nov 24, 2012
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some say i want to make more taxes and do not raise taxes. [talking over each other] >> walgreen's is saying we want to make investments to create jobs. what you guys in washington d.c. are going to do, what is coming down the road from you and we had this debate about john boehner basically saying we got to put obamacare -- [talking over each other] liz: putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting to see if he derail everything. liz: they have a seat at the table. is not political. it seems to me when you read what they say it is not like they are saying we want a voice in what is going on. there saying our customers are concerned. of course it is a revenue problem. shoppers and consumers are not coming in because they're worried about the fiscal cliff. gerri: all singing the with one voice. interesting to see if anybody hears that. thanks for coming on. appreciate it. guess what else has joined the fiscal liftoff? the federal gas tax, special interest
some say i want to make more taxes and do not raise taxes. [talking over each other] >> walgreen's is saying we want to make investments to create jobs. what you guys in washington d.c. are going to do, what is coming down the road from you and we had this debate about john boehner basically saying we got to put obamacare -- [talking over each other] liz: putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting...
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no, tax all their income. so they've signalled even worse options than just voting for the big tax cut they're going to get to vote for on january 3rd. >> thank you both for joining me. >> thank you. >>> coming up, is america ready for bush 3.0? and the politics of attacking susan rice. why senators might be interested in preventing her being nominated as secretary of state. could the massachusetts senate seat have anything to do with it? and in the rewrite, what republicans do not understand about hispanic voters and why that means democrats will keep winning. new trident layers juicy berry + tangy tangerine is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with
no, tax all their income. so they've signalled even worse options than just voting for the big tax cut they're going to get to vote for on january 3rd. >> thank you both for joining me. >> thank you. >>> coming up, is america ready for bush 3.0? and the politics of attacking susan rice. why senators might be interested in preventing her being nominated as secretary of state. could the massachusetts senate seat have anything to do with it? and in the rewrite, what...
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no, tax all their income. so they've signalled even worse options than just voting for the big tax cut they're going to get to vote for on january 3rd. >> thank you both for joining me. >> thank you. >>> coming up, is america ready for bush 3.0? and the politics of attacking susan rice. why senators might be interested in preventing her being nominated as secretary of state. could the massachusetts senate seat have anything to do with it? and in the rewrite, what republicans do not understand about hispanic voters and why that means democrats will keep winning. >>> is america ready for bush 3.0? not tonight, but will 51% of american voters be ready for bush 3.0 in 2016? what jeb bush is doing this week to get them ready, that's coming up. and republicans can continue the attacks on susan rice. one senate seat. that's next. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium deli
no, tax all their income. so they've signalled even worse options than just voting for the big tax cut they're going to get to vote for on january 3rd. >> thank you both for joining me. >> thank you. >>> coming up, is america ready for bush 3.0? and the politics of attacking susan rice. why senators might be interested in preventing her being nominated as secretary of state. could the massachusetts senate seat have anything to do with it? and in the rewrite, what...
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Nov 25, 2012
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taxes, jobs. on the sequester, we feel like we have done great work in states to improve and medicaid and medicare. but we love to be part of a conversation about how to do that at the federal level. >> mary kay henry, president of seiu. thank you for being our newsmaker. themselves more known as wereads here. the seiu, other labor groups had a meeting with president obama last week. can you gather what is talked about regarding the fiscal cliff? >> for what mary was saying, it really seemed like revenue was going to be a part of it. they are trying to stick from to the $250,000 threshold of the tax cuts. that is different from what happened in the 2010 lame-duck, when president obama compromised. it seems the approach is different this time. they're not going to cave on revenue. the republicans will really have to make some concessions on revenue in order for democrats to come to the table with any entitlement cuts at all. >> i thought she was very good at sticking to that talking point of preven
taxes, jobs. on the sequester, we feel like we have done great work in states to improve and medicaid and medicare. but we love to be part of a conversation about how to do that at the federal level. >> mary kay henry, president of seiu. thank you for being our newsmaker. themselves more known as wereads here. the seiu, other labor groups had a meeting with president obama last week. can you gather what is talked about regarding the fiscal cliff? >> for what mary was saying, it...
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did the comprehensive tax reform. clinton, welfare reform and balanced the budget for multiple years in the late 1990's. this is the perfect time to solve single biggest problem confronting our country and we are anxious to sit down and get the job done. \[inaudible question] >> dick durbin says as talks continue on of this booklet democrats must be open to painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good morning, everyone. thank you for being here. i am the president of the center for american progress. we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have
did the comprehensive tax reform. clinton, welfare reform and balanced the budget for multiple years in the late 1990's. this is the perfect time to solve single biggest problem confronting our country and we are anxious to sit down and get the job done. \[inaudible question] >> dick durbin says as talks continue on of this booklet democrats must be open to painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good...
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it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone who works really hard, an entrepreneur works really hard. you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are go
it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone...
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if you get rid of a tax loophole, that's raising taxes. he sent a letter to tom cobuln and said you can't do that because when you eliminate a tax loophole that's eliminating taxes and tom coburn sent a letter back sending him to pound sand and we need -- and i think representative ellison knows this better than i do. there are good republicans out there. >> no doubt. >> who i believe are not going to take the lead of this delaying and ofiscating leadership. you can name some of the house i'm sure, keith. so we've got to be willing to move this country ahead and know that that means entitlement cuts, spending cuts, and increasing revenues. >> they are not only good republicans, they are good politicians because when you look at grover's losers, candidates who sign, there's no type of pledge. so many lost. 24 republicans for the senate, 55 republicans for the house to sign that pledge lost. it doesn't even make good political sense anymore. >> you know, reverend, can i just add, i think when you call on members of congress to do right by th
if you get rid of a tax loophole, that's raising taxes. he sent a letter to tom cobuln and said you can't do that because when you eliminate a tax loophole that's eliminating taxes and tom coburn sent a letter back sending him to pound sand and we need -- and i think representative ellison knows this better than i do. there are good republicans out there. >> no doubt. >> who i believe are not going to take the lead of this delaying and ofiscating leadership. you can name some of the...
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why tax device manufacturers as if they are taxing alcohol or cigarettes. that is what it is and excise tax on sales. ge healthcare, santa fe, the tax rate that these guys face, pacemakers, devices for brain surgery, prosthetics for returning soldiers, get this, 80%. state, local, federal. [talking over each other] dennis: that is one of the few major manufacturing hedges we have for medical equipment. r and d getting outsourced to other countries right now. cheryl: what you think this will do to the industry overall? let's not make this stuff in the united states, let's maybe go to israel. israel has a very strong and nicole industry. they may actually move ahead of the united states. >> these letter writers are saying, look, we are already pulling back on our end the year in the united states. nationally, that would affect job growth here. cheryl: you have stocks now, of course, every 15 minutes. nicole: we are setting new session highs. take a look at the dow jones industrials. we are up about 15 points right now. american express turning into the green
why tax device manufacturers as if they are taxing alcohol or cigarettes. that is what it is and excise tax on sales. ge healthcare, santa fe, the tax rate that these guys face, pacemakers, devices for brain surgery, prosthetics for returning soldiers, get this, 80%. state, local, federal. [talking over each other] dennis: that is one of the few major manufacturing hedges we have for medical equipment. r and d getting outsourced to other countries right now. cheryl: what you think this will do...
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taxes will go higher. you're also talking about the possibility of a much slower economy. and how does that impact earnings in 2013? let's say hypothetically we go off the fiscal cliff because clearly both sides are digging in. here we are at the edge once again like last summer. we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on t
taxes will go higher. you're also talking about the possibility of a much slower economy. and how does that impact earnings in 2013? let's say hypothetically we go off the fiscal cliff because clearly both sides are digging in. here we are at the edge once again like last summer. we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would...
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no change in tax rates. so it is not a flat tax reform but no increase in marginal tax rates. can you and your pledge, with the pledge be okay with the bay nor plan to increase revenues by capping deductions? he has not endorsed raising taxes nor did he a year ago. if you eliminate deductions now, you have destroyed the opportunity for tarx reform a year ago. they are not available to reduce tax rates. >> so you are opposed to it. it is bad for the economy and it destroyed our effort to get tax reform down the road. >> i have talked to staff and remembers and they don't need to hear it from me, they know that lower marginal tax rates are necessary for growth and the only way to get the revenue to pay down obama's debt. >> help me out, in effect, is the plan to put a cap on deductions, does his plan break the americans for tax reform no-tax pledge? >> to be clear. john boehner has not said that. he says he is for revenues from growth. i'm for that. that is a tax increase that is what obama wants and it does affect the margin because they are going to attack certain income group
no change in tax rates. so it is not a flat tax reform but no increase in marginal tax rates. can you and your pledge, with the pledge be okay with the bay nor plan to increase revenues by capping deductions? he has not endorsed raising taxes nor did he a year ago. if you eliminate deductions now, you have destroyed the opportunity for tarx reform a year ago. they are not available to reduce tax rates. >> so you are opposed to it. it is bad for the economy and it destroyed our effort to...
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there's other tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to yo wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, willit so many folks, % of households, almost impossible to escape and create that. >> everyone's taxes will go up on january 1st. important to point out we're talking about today which is raising taxes. that is off point. the fiscal cliff is here because we're spending tooomuch. we are the precedents of the debt crisis because we're spending too much. how we can raise tes and talk about raising the gas tax, nothing to do with cutting spending which is where we should be directing our attention. gerri: it is interesting because if you look at the reven raised by taxes and money into the federal government front door over the last few years it is returning to levels that are pre recession so we're back on track for what should be ample revenues. >> if you go back to 2007 bef
there's other tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to yo wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, willit so many folks, % of households, almost impossible to escape and create that. >> everyone's taxes will go up on january 1st. important to point out we're talking about...
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we know an increase in the marginal tax rates, that's a tax increase. but what about capping deductions? from your standpoint of the pledge, would that be considered a violation of the pledge to cap deductions, as some republican lawmakers are now suggesting? >> this is not a trick question. the pledge says no raising rates, no broadening the base unless rates come down dollar for dollar. the pledge is only two sentences but they are very clear. one of the reasons why eliminating deductions and credits, obama wants a trillion plus dollars worth of tax increase that way, is that if you do that, you've just got a tax reform for decades to come, because how do you reduce marginal tax rates so we can become competitive in the world on the corporate and the individual side, if you have already given away to the appropriators and spenders all the deductions and credits. >> one final question, grover. it seems some liberals out there want to make this personal. more and more about you, about your role in encouraging these republicans by and large to support th
we know an increase in the marginal tax rates, that's a tax increase. but what about capping deductions? from your standpoint of the pledge, would that be considered a violation of the pledge to cap deductions, as some republican lawmakers are now suggesting? >> this is not a trick question. the pledge says no raising rates, no broadening the base unless rates come down dollar for dollar. the pledge is only two sentences but they are very clear. one of the reasons why eliminating...
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Nov 28, 2012
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we do it through the tax code but the tax code, we are a good example. we are not rich but we are trying to get rich and the tax code goes after those that are trying to get rip. >>neil: isn't california just approved two tax hikes sales and income on your very group. so that is a triple whammy. >>guest: you have to be wired differently to do business in california. you have to extra extra drive. >>neil: why do you do it? >>guest: the weather. >>neil: i will agree with you there. >>guest: our business has to have good weather. we can keep our employees employed year round because it sunny and warm and almost throughout the year, december and january are the exceptions. >>neil: when you say defer deferring to december and january -- let me ask you, if your husband says your business is picking up, that would speak to what the president is saying and to could be the wind at your back? >>guest: i know how hard he works and --. >>neil: your husband? >>guest: yes. >>neil: in the you were talking about your husband? ing he works six days a week and he has done
we do it through the tax code but the tax code, we are a good example. we are not rich but we are trying to get rich and the tax code goes after those that are trying to get rip. >>neil: isn't california just approved two tax hikes sales and income on your very group. so that is a triple whammy. >>guest: you have to be wired differently to do business in california. you have to extra extra drive. >>neil: why do you do it? >>guest: the weather. >>neil: i will agree...
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Nov 22, 2012
11/12
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. >> you can increase the estate and gift tax with a wealth tax of 1.5%. it should be graduated and progressive. the most important issue is to deal with wealth inequality. which is much more severe. getting worse, getting worse for the last 20 years, and the only countries in the world that have more than 10 million people, close to how bad it is, in this country are all in africa and latin america. >> we're not necessarily talking about someone who works really hard, an entrepreneur that works hard, you are talking about the people initially -- teresa heinz kerry, warren buffett, that's who will be hit the hardest? >> absolutely. the proposal had an exemption of proposals with up to $500,000 in wealth. that exempts most households right there. >> how did you draw that line? even on the bentley, people will say it has dents and it's not worst much. how do you have that? >> we have a lot of cheating with income tax and with a wealth tax, i'm sure people would try to cheat on that as well. we might have to have high slightly higher rates. but fighting wealt
. >> you can increase the estate and gift tax with a wealth tax of 1.5%. it should be graduated and progressive. the most important issue is to deal with wealth inequality. which is much more severe. getting worse, getting worse for the last 20 years, and the only countries in the world that have more than 10 million people, close to how bad it is, in this country are all in africa and latin america. >> we're not necessarily talking about someone who works really hard, an...
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during the clinton administration, tax -- top tax rate was 39.6% and the economy took off. let's do that again. >> as we hear earlier mitt romney will be at the white house tomorrow. he obviously doesn't need to worry about my2k because his is worth more than $100 million. what's the understanding of this meeting? we understand paul ryan will be there as well. >> i think the president wants to strike a bipartisan note. romney no longer has to mullify the right wing of his paerd. he doesn't have strong feelings about much of anything at all. is it possible he could come out and bless what these business executives have been calling for, which is the president's balanced approach? anything's possible with mitt romney. and i think it very much makes sense for the president to extend an olive branch. you can say that -- >> but i thought mitt romney was -- hang on a second. i thought mitt romney was the one who proposed and espoused the notion of closing loopholes as the only way -- >> we know he's a flip-flopper. we don't have to -- >> that's true. >> he actually does -- it's e
during the clinton administration, tax -- top tax rate was 39.6% and the economy took off. let's do that again. >> as we hear earlier mitt romney will be at the white house tomorrow. he obviously doesn't need to worry about my2k because his is worth more than $100 million. what's the understanding of this meeting? we understand paul ryan will be there as well. >> i think the president wants to strike a bipartisan note. romney no longer has to mullify the right wing of his paerd. he...
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Nov 26, 2012
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take the alternative minimum tax. if the inflation index isn't advanced for that and i believe republicans and democrats want to do it, 23 million middle class americans will have a 2,000 to 3,000 dollars tax increase on that alone. >> let me interrupt you for a second. i was making this point a little earlier when you start talking about these financial things, you know, the i don't want so say minutia but the more specifics of the negotiations and what the numbers mean and the two different sides will tell you that the numbers are different, it is kind of hard for the average person on who doesn't have an mba to figure out what's going on here. >>> john mccain is suggesting the republican party should focus on bigger issues and leave abortion alone. during an interview yesterday the senator said while he is proud of his pro-life position, there are bigger things to worry about like the economy and national security. police are admitting they missed a potentially key piece of evidence in the casey anthony murder inve
take the alternative minimum tax. if the inflation index isn't advanced for that and i believe republicans and democrats want to do it, 23 million middle class americans will have a 2,000 to 3,000 dollars tax increase on that alone. >> let me interrupt you for a second. i was making this point a little earlier when you start talking about these financial things, you know, the i don't want so say minutia but the more specifics of the negotiations and what the numbers mean and the two...
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Nov 28, 2012
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they are the low-tax party. the other guys want to tax. to match reckless spending. i understand why democrats are doing this. they manual that the republicans have no bargaining power today. i say it's true if republicans resist, they will take the blame. that will help the democrats in the congress. but obama is never running again. he doesn't care who gets the blame. he is going to be the president. she a lame duck. he wants the term. if it starts by going over the cliff it starts with a second recession. 2 million unemployed and wrecked second term. that is the leverage that republicans have over obama. it's utterly unacceptable. >> bret: to kirsten's point, some republicans are talking about raising the age of medicare, means testing. put a lot of ideas out there. nothing on paper. they are not hammering it out, it doesn't seem, behind closed doors unless we don't know it's going on, steve. >> no, it's not. >> bret: let me play this thing, this sound bite. yesterday we put in a piece. i want to play more of it. this is a question and answer by senator reid about
they are the low-tax party. the other guys want to tax. to match reckless spending. i understand why democrats are doing this. they manual that the republicans have no bargaining power today. i say it's true if republicans resist, they will take the blame. that will help the democrats in the congress. but obama is never running again. he doesn't care who gets the blame. he is going to be the president. she a lame duck. he wants the term. if it starts by going over the cliff it starts with a...
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Nov 29, 2012
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on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were very flat. sales were flat or even down. as the stimulus started to kick in, we started seeing month to month, every month sense late 2010, our sales go up. it is consumers having more can have dense, having more money. obama care was huge. i provide health insurance for all my employees. the aca is underwriting small businesses doing that helped me absorb a huge increase because i have a couple of folks who work for me who are going through some illness problems. >> lee saunders, your members of afscme, will be financially hurt if we go over the
on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were...
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Nov 27, 2012
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i don't think taxes -- i don't want to vote to raise taxes. even if it's tort reform, whatever the issue happens to be, be very careful. do not sign anything. do not give away your power. because -- >> it's not the plan. it's the primary. if you were running today, wouldn't you be worried about the primary the same way bob bennett, dick lugar? the list is on and on. >> the issues are so complex. it's like nuclear proliferation, abortion, abortion 50 times in congress on issues related to abortion, medicaid, obviously. partial birth. bypass. i can't literally take these huge, complex issues and have a pledge that covers everything. >> i want to actually go now to the other side of the equation which is on the one hand we're going to have the grover norquist pledge is the shiny metal object. we're in two weeks of doing -- we're all going to run in place until the smell of the jet fuel from national airport starts making its way down to congress and they realize, oh, wait. >> and have a deal this week. there's that option, too. >> get done for th
i don't think taxes -- i don't want to vote to raise taxes. even if it's tort reform, whatever the issue happens to be, be very careful. do not sign anything. do not give away your power. because -- >> it's not the plan. it's the primary. if you were running today, wouldn't you be worried about the primary the same way bob bennett, dick lugar? the list is on and on. >> the issues are so complex. it's like nuclear proliferation, abortion, abortion 50 times in congress on issues...
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Nov 27, 2012
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and tax cuts expire. that means you and me, you can keep one the news and analysis on the fiscal cliff by clicking on cnn.com. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our e
and tax cuts expire. that means you and me, you can keep one the news and analysis on the fiscal cliff by clicking on cnn.com. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another...
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Nov 28, 2012
11/12
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CSPAN2
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is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree with me that regulation derives -- you are pregnant or not pregnant. you either have state regulation or you don't. there is no alternative third way. >> i would agree with my hon. friend. is it a free press? absolutely vital for free democracy? we should recognize all the press has done and should continue to do to uncover wrongdoing, stand up to the powerful. whatever changes we make we want a robust and free press in our country. >> research by the charity save the children, reveals shockingly that in our country when seven children does not have a warm coat this win
is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree...
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Nov 29, 2012
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it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense to crazy tea par party, he was outraged by his suggestion. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a point we should agree op. >> tom cole also made it clear he is still a b
it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense...
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Nov 22, 2012
11/12
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tax the rich? no, tax the wealthy. wealth is something you build over time. shows itself in the forms of superexpensive assets. mansions, boats, expensive wine. 41 days from the fiscal cliff and bitter partisan deadlock, we want to test drive another idea, where the wealthy would pay more, but tax rates on people who work might not go up. is this the buff rhett rule really should have been? we have david altman, and daniel, great to see you. what is amazing to me, reading your proposal here, that would tax the wealthy as opposed to the rich, it's against the constitution right now to tax wealth in this country. >> that's right. can't have a direct tax like that. we needed a constitutional amendment to get the income tax back, so we need another amendment. it's 100 years later, let's update for the 21st century. >> i want to change the voting day. i'm all for it. let's break down your math. if we taxed wealth, where people accumulate over time. 2010, 58 trillion dollars. if you put 1.5% tax, $870 billion. that's a lot of money. more than we got on income tax t
tax the rich? no, tax the wealthy. wealth is something you build over time. shows itself in the forms of superexpensive assets. mansions, boats, expensive wine. 41 days from the fiscal cliff and bitter partisan deadlock, we want to test drive another idea, where the wealthy would pay more, but tax rates on people who work might not go up. is this the buff rhett rule really should have been? we have david altman, and daniel, great to see you. what is amazing to me, reading your proposal here,...
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Nov 27, 2012
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the first is taxes. the winner could choose between a lump sum of $327 million or the annual payments. they should take the lump sum and pay the $114 million in taxes before december 31st f they wait until january 1st and we go off the cliff, those taxes go up to $130 million, you save $16 million paying now the winner should make a gift, 'tis the season, cities also the tax regime. couples can now give up to $10 million tax free, next year, that money changed to only $1 m the tax rate on that goes up. should do it now most important advice, cool off. sudden wealth can ruin your life, expose to you all kinds of scams and lead to overindulgence. people say you should put the check in the bank and ignore it for three to six moment. use that time to get your financial bearings and create a real plan. the plan is critical. you should start by hiring a financial adviser, figure out your spending goals, $327 million sounds like a lot but you buy a yacht and a g 550 plane, pretty soon you are done. one of an in
the first is taxes. the winner could choose between a lump sum of $327 million or the annual payments. they should take the lump sum and pay the $114 million in taxes before december 31st f they wait until january 1st and we go off the cliff, those taxes go up to $130 million, you save $16 million paying now the winner should make a gift, 'tis the season, cities also the tax regime. couples can now give up to $10 million tax free, next year, that money changed to only $1 m the tax rate on that...
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Nov 28, 2012
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so if all of the tax ruts from the bush era went away, they'd be voting on a middle class tax for everybody, $250,000 and less. that's something that boehner could get substantial votes for. even as crazy and inlogical as it sounds, it's crazy if a guy from oklahoma, not even in a swing state, if he's saying it's over, it's over. boehner just can't admit it. >> now, there is also a talk about fill bu abo about filibustering but hair said something. let me read the comment from dan five officer. the president has said that hasn't changed in the president's supports majority leader reid's efforts to reform the filibuster process. it's pretty heavy. >> it is. it depends on who is in control of senate and the congress as far as how far a debate goes. i think it's interesting that there have been interesting research projects done, especially when they say it's the worst that it's ever been. when it comes to delaying tactics in the senate, it is the worst it's ever been. the fill bust sister filibuster is used more often that ever. it would be nice if something was done about that, if congress w
so if all of the tax ruts from the bush era went away, they'd be voting on a middle class tax for everybody, $250,000 and less. that's something that boehner could get substantial votes for. even as crazy and inlogical as it sounds, it's crazy if a guy from oklahoma, not even in a swing state, if he's saying it's over, it's over. boehner just can't admit it. >> now, there is also a talk about fill bu abo about filibustering but hair said something. let me read the comment from dan five...
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Nov 27, 2012
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these tax cuts. if the tax cuts were so good then the economy should be driving. if you go back to the prior eight years during president clinton's administration. 23 million. 10 years and 7 trillion. the compromise we reach isn't perfect. and we're going to send legislation, the president today that will not only avert a default. he said enough, -- not enough. to assure congress that we will continue working. i will say it again. i appreciate my friend. they've worked in decades past. there's no write why they can't work out. we need to do something because the trigger that kicks in is very, very ditch difficult we need to do this. and it has to be one that's fair. it can be -- there bhust a sharing -- there must be a sharing of sacrifice. it's fair. no revenue is really too bad. we need to have a fair approach to this joint committee. i'm confidence we will do that. the trigger mechanism kicks in. this committee who was going to have the point -- the appointed. we've had two days as early as the senate saying me no revenue. otherwise, the trigger's going to kick
these tax cuts. if the tax cuts were so good then the economy should be driving. if you go back to the prior eight years during president clinton's administration. 23 million. 10 years and 7 trillion. the compromise we reach isn't perfect. and we're going to send legislation, the president today that will not only avert a default. he said enough, -- not enough. to assure congress that we will continue working. i will say it again. i appreciate my friend. they've worked in decades past. there's...
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Nov 29, 2012
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we cannot tax our way back to budget surpluses and economic prosperity. without major spending cuts and entitlement reform, we will continue running huge deficits regardless of what we do on the revenue side. for every dollar of revenue you give him, he'll give you $2.50 of spending cuts. if he gave you that on spending cuts, it would be $850 billon a year would you do that? >> the president has said a lot of things, but what counts is what he's willing to put on the table and so far, he hasn't put medicare and social security, saving and preserving those entitlement programs on the table. i believe they have to be, because if we're going to preserve those for future generations, we need to do something meaningful on those. the problem is, erin, if we just do cuts in temporary spending, those can easily be undone. we know there's been a lot of promises made in exchange for tax increases and it never comes to pass when it comes to spending cuts. >> there was a "washington post" poll which said raise taxes on incomes over $250,000 a year, 60% support it. wh
we cannot tax our way back to budget surpluses and economic prosperity. without major spending cuts and entitlement reform, we will continue running huge deficits regardless of what we do on the revenue side. for every dollar of revenue you give him, he'll give you $2.50 of spending cuts. if he gave you that on spending cuts, it would be $850 billon a year would you do that? >> the president has said a lot of things, but what counts is what he's willing to put on the table and so far, he...
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here in missouri, the state will take about 4% in taxes. in arizona, about 5% this taxes. plus there's the federal taxes that are all involved. but really at the end of the day, who is complaining. when you have so many millions of dollars as a winner, giving the government some of it is no big deal because there's no way one person or even a group people could ever spend this much money in a lifetime. >> kerry reporting from columbia. we'll let you get back on the record to dearborn. >> we'll go find the winner and see what he tells us he'll do with the money. >> maybe he can buy you lunch and replace the $2 that you just threw away. >> that was my lunch money yesterday. i'm hitting you up. >> i'll get you lunch no problem. thank you, sir. >>> so i want you to look at this picture because you are now meeting the republican committee chair men. emphasis on men. made wliselissa harris perry so off on whether gop learned anything from the election. and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at
here in missouri, the state will take about 4% in taxes. in arizona, about 5% this taxes. plus there's the federal taxes that are all involved. but really at the end of the day, who is complaining. when you have so many millions of dollars as a winner, giving the government some of it is no big deal because there's no way one person or even a group people could ever spend this much money in a lifetime. >> kerry reporting from columbia. we'll let you get back on the record to dearborn....
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Nov 22, 2012
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these are people who pay no income tax, 47% of americans pay no income tax. so my job is not to worry about those people. >> mitt romney's famous comments on the 47% raise two questions. how can he say that? how can he say a single mom working two yobs and taking advantage of the child tax credit and a senior that worked all of his life and enjoying the years of his life that he paid into how can he say they refuse to take responsibility for their lives? the other question was what the hell did he mean? romney said the 47% likely to vote for obama were the same 47% who didn't pay federal income taxes and are the same 47% who are dependent on government? that's not even a little bit true, not a little. a lot of the folks who don't pay federal income taxes are seniors, the most republican leaning age group in the country and there is no 47% in the country that refuses to take responsibility for their lives. they just don't exist. romney wasn't all wrong. the number 47% really did hold the key to this election. it was not the number of people who vote for obama.
these are people who pay no income tax, 47% of americans pay no income tax. so my job is not to worry about those people. >> mitt romney's famous comments on the 47% raise two questions. how can he say that? how can he say a single mom working two yobs and taking advantage of the child tax credit and a senior that worked all of his life and enjoying the years of his life that he paid into how can he say they refuse to take responsibility for their lives? the other question was what the...